Gulf Oil clocks record Volume growth of 33% leading to highest ever Quarterly EBIDTA of Rs. 64.51 crores for Q1

Gulf Oil Lubricants India Limited (GOLIL), a Hinduja Group Company has today
reported its unaudited results for the Quarter ended June 30, 2018.

“We are delighted by the record volume growth of 33% achieved by us during the quarter. The market
demand conditions have been good and this momentum coupled with our various initiatives around
distribution, brand building and new customer acquisition have helped us grow volumes across all our focus
segments. We continued to grow our market share and consolidated our position as the fastest growing
lubricants company in the country with 3-4 times industry growth.” said Mr. Ravi Chawla, Managing Director,
Gulf Oil Lubricants India Limited.

Gulf continued its momentum of growing much faster than the market recording more than 25% growth in
Diesel Engine Oils (DEO) and Motorcycle Engine Oil (MCO) while it exceeded 30% growth in the Passenger Car
Motor Oil (PCMO) segment. OEM Factory Fills and industrial distributor segments showed high growth as
well. Growth momentum continued in the overall OEM dealerships across various product categories
including Commercial vehicles, two-wheelers and tractors.

Gulf Oil continued to invest aggressively in its brands. In both the PCMO and CVO-for-LCV segments, Outdoor
advertising campaign as well as BTL van activation campaigns were conducted across all major cities in the
country. Gulf Pride 4T Plus, its leading MCO brand was re-launched in a fresh new pack-first in Tamil Nadu
with impressive results and is now transitioning to the new pack in the rest of the country as well.